NJ 2026 Q3 Market Report

Bergen County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Bergen County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Bergen County's housing market remained firmly in seller's territory through the third quarter of 2026, with 1,726 single-family homes changing hands — a modest 1.2% increase over the same period last year. More telling than the sales count, though, is where prices landed: the median sale price climbed to $902,000, up 3.3% from $873,000 a year ago, continuing a pattern of steady appreciation that has defined this market for several years running. That kind of price growth, sustained even as mortgage rates have kept many buyers on the sidelines nationally, speaks to just how much demand there is for Bergen County specifically — its combination of top-rated schools, proximity to New York City, and quality of life continues to draw serious buyers willing to compete. With year-to-date closed sales reaching 4,135 homes through September, 2026 is tracking slightly ahead of last year's pace despite all the affordability headwinds facing the broader housing market. Perhaps the single most important number in this quarter's data is the sale-to-list ratio of 104.0%, which means that on average, homes are selling for 4% above their asking price. In practical terms, if a home is listed at $900,000, buyers are offering — and winning — at roughly $936,000. That figure tells you this is not a market where you negotiate down from the asking price; it's one where you often need to come in above it just to stay in the conversation. For sellers, that's an encouraging signal that well-priced homes are attracting real competition, not just casual interest. Inventory remains the defining constraint on the market. There are currently 1,181 active listings across the county, with another 775 homes already under contract — meaning a significant share of what's technically "available" is already spoken for. On the positive side, new listings did pick up noticeably this quarter, with 2,266 homes coming to market, up nearly 10% from the same period last year, which gives buyers at least a bit more to choose from than they had in 2025. Homes are still moving quickly, spending a median of just 20 days on market before going under contract, so while the pace of new listings is encouraging, buyers shouldn't expect the market to slow down and wait for them. If you're thinking about buying in Bergen County, the best advice is to get your financing squared away before you start touring homes — a pre-approval letter isn't just paperwork, it's your entry ticket in a market this competitive. Understanding that you may need to offer above asking, and deciding in advance what your ceiling is, will help you move decisively when the right home comes along rather than losing it while you deliberate. For homeowners considering selling, conditions remain about as favorable as they get: prices are up, demand is strong, and well-presented homes priced correctly are generating multiple offers. Whether you're buying, selling, or simply keeping an eye on your biggest investment, Bergen County's market continues to reward those who come prepared.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Bergen County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

1,726

1,411

▲ 22%

1,705

▲ 1%

New Listings Added

2,266

2,720

▼ 17%

2,066

▲ 10%

Median Sale Price

$902,000

$910,000

▼ 1%

$873,000

▲ 3%

Median List Price

$861,950

$850,000

▲ 1%

$825,000

▲ 4%

Sale to List Price Ratio

104.0%

105.0%

▼ 1%

104.0%

0%

Sales Volume

$2007.96M

$1644.11M

▲ 22%

$1868.73M

▲ 7%

Median Days on Market

20

16

▲ 4 days

19

▲ 1 days

Homes Sold Year to Date

4,135

2,394

▲ 73%

4,076

▲ 1%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

1,181

$898,000 MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

775

$21,500,000

$59,900

HOMES FOR SALE

HOMES UNDER CONTRACT

HIGH PRICE

20

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Bergen County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

1181

2.8

0.3

420

525

● Sellers

< $250K

4

4.0

—

1

1

● Balanced

$250K - $500K

40

2.4

0.0

17

14

● Sellers

$500K - $750K

343

2.4

0.2

145

158

● Sellers

$750K - $1M

258

2.1

0.1

122

137

● Sellers

$1M - $1.25M

96

2.5

0.3

39

53

● Sellers

$1.25M - $1.50M

87

3.5

0.7

25

51

● Sellers

$1.50M - $1.75M

44

2.2

0.5

20

33

● Sellers

$1.75M - $2M

63

3.0

0.4

21

30

● Sellers

$2M - $2.25M

23

2.3

0.3

10

10

● Sellers

> $2.25M

42

8.4

1.5

5

10

● Buyers

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Bergen County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 710 568 426 284 142 0

2026

Jan

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio 107%

Average

104% SALE TO LIST PRICE RATIO Q3 2026

106% 105% 104% 103% 102% 101% 100% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Bergen County Market Conditions

BALANCED MARKET

104%

20

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

2.0

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Essex County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Essex County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Essex County's housing market showed no signs of cooling off in the third quarter of 2026, with single-family homes selling at a median price of $850,000 — up nearly 4% from the same period last year. That figure is striking on its own, but the sale-to-list ratio tells an even more vivid story: on average, homes are selling for 110% of their asking price, meaning buyers are routinely paying well above what sellers initially list. Homes spent a median of just 18 days on the market before going under contract, slightly faster than last year's already-brisk pace. Put simply, when a well-priced home hits the market here, the window to act is short. One encouraging shift for buyers is that new listings rose meaningfully this quarter — 1,901 homes came to market, a jump of nearly 11% compared to the same stretch last year. More inventory entering the pipeline is genuinely good news for people who have been waiting on the sidelines, frustrated by a lack of options. That said, supply is still far from abundant: there are currently 973 active listings across the county, with another 710 homes already under contract, which tells you demand is absorbing new listings nearly as fast as they arrive. This dynamic, playing out in markets across the Northeast, keeps upward pressure on prices even as more homes come up for sale. For sellers, the current environment remains exceptional. Prices are appreciating, buyers are competing, and well-prepared homes priced strategically aren't just selling quickly — they're generating offers above asking. The median list price for active listings sits at $689,000, while the median sale price reached $850,000 this quarter, which reflects just how aggressively buyers are bidding to win in a market where demand consistently outpaces supply. If you've been thinking about selling, the conditions are as favorable as they've been in recent memory. Buyers, by contrast, should go in clear-eyed: this is a competitive market that rewards preparation. Getting fully pre-approved — not just pre-qualified — before you start touring homes is essential, as is working with an agent who knows the local landscape well enough to help you move decisively when the right property appears. While the broader national market has seen affordability pressures ease slightly in some regions, Essex County's proximity to New York City and its strong school districts and community amenities continue to make it a high-demand area. The good news is that homes across a wide range of price points are transacting here, from $115,000 to $20,000,000, and with more listings entering the market than a year ago, patient and well-prepared buyers are finding opportunities.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Essex County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

1,441

1,269

▲ 14%

1,452

▼ 1%

New Listings Added

1,901

2,420

▼ 21%

1,718

▲ 11%

Median Sale Price

$850,000

$875,000

▼ 3%

$818,000

▲ 4%

Median List Price

$775,000

$769,000

▲ 1%

$748,888

▲ 3%

Sale to List Price Ratio

110.0%

113.0%

▼ 3%

109.0%

▲ 1%

Sales Volume

$1549.17M

$1422.04M

▲ 9%

$1475.16M

▲ 5%

Median Days on Market

18

15

▲ 3.5 days

19

▼ 1 days

Homes Sold Year to Date

3,519

2,062

▲ 71%

3,601

▼ 2%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

973

$689,000 MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

710

$20,000,000

$115,000

HOMES FOR SALE

HOMES UNDER CONTRACT

HIGH PRICE

18

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Essex County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

973

2.9

0.3

334

454

● Sellers

< $250K

10

5.0

—

2

2

● Balanced

$250K - $500K

233

5.2

0.0

45

50

● Balanced

$500K - $750K

311

2.9

0.2

108

130

● Sellers

$750K - $1M

145

1.7

0.1

84

99

● Sellers

$1M - $1.25M

53

2.2

0.4

24

39

● Sellers

$1.25M - $1.50M

52

2.2

0.4

24

41

● Sellers

$1.50M - $1.75M

24

1.7

0.2

14

25

● Sellers

$1.75M - $2M

38

3.5

0.8

11

26

● Sellers

$2M - $2.25M

19

4.8

1.2

4

10

● Balanced

> $2.25M

15

3.0

0.8

5

10

● Sellers

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Essex County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 590 472 354 236 118 0

Jan

2026

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio

Average

110% SALE TO LIST PRICE RATIO Q3 2026

114% 113% 112% 111% 110% 109% 108% 107% 106% 105% 104% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Essex County Market Conditions

BALANCED MARKET

110%

18

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

2.0

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Hudson County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Hudson County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Hudson County's housing market delivered a clear message in the third quarter of 2026: prices aren't budging, and serious buyers are still showing up ready to compete. The median sale price held steady at $640,000 — exactly where it stood a year ago — but that stability shouldn't be mistaken for a slowdown in demand. Homes are selling in under three weeks on average, and sellers are consistently walking away with more than their asking price, with the typical home closing at about 102% of list price. That kind of outcome doesn't happen in a sluggish market; it happens when motivated buyers are chasing a limited supply of available homes. The inventory picture helps explain why. There are currently 251 active listings across Hudson County, with another 140 homes already under contract — meaning a meaningful share of what's technically "available" is effectively spoken for. While 365 new listings came to market during the quarter (up nearly 6% from last year, which is an encouraging sign), closed sales actually fell about 15% compared to the same period in 2026, bringing the year-to-date total to 465 homes sold versus 508 at this point last year. That gap between supply and demand isn't unique to Hudson County — tight inventory has been a defining feature of the broader Northeast housing market for several years now, as elevated mortgage rates have discouraged many existing homeowners from giving up the low rates they locked in before 2022, reducing the flow of homes coming to market. For buyers, this is a market that rewards preparation. With homes moving in less than three weeks and routinely selling above asking price, there's very little room for hesitation or low-ball offers. Getting pre-approved, knowing your budget ceiling, and working with an agent who understands local conditions isn't just good advice — it's essentially a requirement for being competitive here. The good news is that list prices for active homes are sitting at $649,000, and with a range stretching from $145,000 all the way up to nearly $6 million, there are options across a wide spectrum of budgets, from more accessible entry points to high-end properties for those looking at the upper end of the market. If you're a homeowner thinking about selling, the data is squarely in your favor. Demand is real, buyer competition is keeping prices firm, and your home is likely to move quickly if it's priced well and presented thoughtfully. The slight dip in closed sales compared to last year reflects constrained supply more than any weakening of buyer interest — if anything, fewer competing listings means your home has a better chance of standing out. Whether you're looking to buy, sell, or simply understand what your home is worth in today's market, the numbers in Hudson County point to a market that continues to hold its ground.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Hudson County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

163

174

▼ 6%

191

▼ 15%

New Listings Added

365

404

▼ 10%

345

▲ 6%

Median Sale Price

$640,000

$650,000

▼ 2%

$640,000

0%

Median List Price

$625,000

$649,000

▼ 4%

$624,888

▲ 0%

Sale to List Price Ratio

102.0%

100.0%

▲ 2%

102.0%

0%

Sales Volume

$131.00M

$156.56M

▼ 16%

$137.13M

▼ 4%

Median Days on Market

20

26

▼ 6 days

20

▼ 0.5 days

Homes Sold Year to Date

465

297

▲ 57%

508

▼ 8%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

251

$649,000

20

HOMES FOR SALE

MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

140

$5,950,000

$145,000

HOMES UNDER CONTRACT

HIGH PRICE

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Hudson County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

251

5.8

0.6

43

57

● Balanced

< $250K

3

—

—

0

0

—

$250K - $500K

38

9.5

2.0

4

9

● Buyers

$500K - $750K

109

5.0

0.4

22

29

● Balanced

$750K - $1M

53

5.3

0.8

10

9

● Balanced

$1M - $1.25M

14

7.0

0.0

2

2

● Buyers

$1.25M - $1.50M

14

4.7

3.1

3

3

● Balanced

$1.50M - $1.75M

3

3.0

0.0

1

2

● Sellers

$1.75M - $2M

4

—

—

0

1

—

$2M - $2.25M

1

1.0

—

1

1

● Sellers

> $2.25M

5

—

—

0

1

—

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Hudson County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 70 56 42 28 14 0

2026

Jan

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio 104%

Average

103%

102%

102%

Q3 2026

99%

SALE TO LIST PRICE RATIO

101% 100% 98% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Hudson County Market Conditions

BALANCED MARKET

102%

19.5

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

4.6

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Hunterdon County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Hunterdon County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Hunterdon County's housing market turned in a strong performance this quarter, with 420 homes sold — a 17.3% jump compared to the same period last year. That increase in sales activity is particularly notable because it came alongside rising prices, not in spite of them: the median sale price climbed to $742,000, up 4.7% year over year. Through the first nine months of 2026, nearly 950 homes have changed hands across the county, putting this year well ahead of 2023's pace and signaling that buyer demand here remains genuinely robust, not just a seasonal blip. One of the most telling numbers in this quarter's data is the sale-to-list ratio of 101.0%, which means that on average, homes are selling for slightly more than their asking price. That doesn't happen by accident — it reflects a market where motivated buyers are competing for a limited pool of homes, and sellers who price their homes thoughtfully are being rewarded with offers at or above what they're asking. Nationally, many markets have cooled from the frenzied pace of 2021 and 2022, but Hunterdon County is holding firm, supported by its combination of strong schools, scenic character, and relative proximity to major employment corridors in New York and New Jersey. For buyers, the honest picture is that this remains a challenging environment. With only 316 active listings currently on the market and 177 homes already under contract, the available supply is tight relative to the level of interest — and the median asking price on active listings sits at $789,000, suggesting prices aren't heading lower anytime soon. That said, homes are moving in a median of just 22 days, so buyers who come prepared — with financing in order and a clear sense of their priorities — can still find success. Working with an experienced agent who knows the local inventory closely is less of a luxury and more of a necessity in a market that moves this quickly. For homeowners thinking about selling, the data is squarely in your favor. New listings rose 7.2% compared to last year, yet they're still being absorbed by demand faster than supply can build — a dynamic that keeps pricing power with sellers. If you've been waiting for the "right time," this quarter's numbers make a reasonable case that the right time is now, particularly before the seasonal slowdown of late fall and winter tends to reduce both buyer activity and the number of competing offers you're likely to receive.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Hunterdon County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

420

336

▲ 25%

358

▲ 17%

New Listings Added

477

679

▼ 30%

445

▲ 7%

Median Sale Price

$742,000

$700,000

▲ 6%

$708,500

▲ 5%

Median List Price

$725,000

$689,000

▲ 5%

$699,999

▲ 4%

Sale to List Price Ratio

101.0%

102.0%

▼ 1%

102.0%

▼ 1%

Sales Volume

$329.74M

$256.66M

▲ 28%

$282.60M

▲ 17%

Median Days on Market

22

16

▲ 6 days

22

▲ 0.5 days

Homes Sold Year to Date

944

523

▲ 80%

859

▲ 10%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

316

$789,000

22

HOMES FOR SALE

MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

177

$7,995,000

$65,000

HOMES UNDER CONTRACT

HIGH PRICE

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Hunterdon County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

316

2.8

0.3

111

126

● Sellers

< $250K

6

6.0

1.5

1

2

● Balanced

$250K - $500K

49

2.7

0.1

18

21

● Sellers

$500K - $750K

81

2.1

0.3

39

45

● Sellers

$750K - $1M

82

2.0

0.1

40

40

● Sellers

$1M - $1.25M

31

5.2

1.0

6

9

● Balanced

$1.25M - $1.50M

26

5.2

1.2

5

6

● Balanced

$1.50M - $1.75M

9

—

—

0

2

—

$1.75M - $2M

8

4.0

1.3

2

1

● Balanced

$2M - $2.25M

4

—

—

0

1

—

> $2.25M

3

—

—

0

0

—

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Hunterdon County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 170 136 102 68 34 0

Jan

2026

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio

Average

101% SALE TO LIST PRICE RATIO Q3 2026

104% 103% 102% 101% 100% 99% 98% 97% 96% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Hunterdon County Market Conditions

BALANCED MARKET

101%

22

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

2.3

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Middlesex County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Middlesex County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Middlesex County's housing market remained firmly in seller's territory throughout the third quarter of 2026, with 1,630 single-family homes changing hands — a 2.6% increase over the same period last year. The median sale price climbed to $650,000, up 2.4% year over year, reflecting steady demand even as prices nationally have shown signs of plateauing in some regions. Perhaps the most telling number, though, is the sale-to-list ratio of 102% — meaning that on average, homes are selling above their asking price. That's not a typo or a fluke; it's a consistent signal that buyers are competing for available homes and, in many cases, waiving contingencies or stretching their budgets to win. Inventory remains the defining challenge for anyone looking to buy in Middlesex County right now. With just 1,300 active listings on the market and 892 homes already under contract, a significant share of what's available is effectively spoken for. New listings did tick up modestly — 2,215 were added during the quarter, about 3.6% more than a year ago — but that supply hasn't been enough to meaningfully shift the balance of power toward buyers. Nationally, the inventory shortage that took hold after the pandemic has been slow to unwind, and Middlesex County reflects that same dynamic: more people want to buy than there are homes to sell. For buyers, this market requires patience and preparation in equal measure. Homes are moving quickly — the median days on market was just 23 days this quarter — so if you find a home you love, waiting to decide is often not an option. Working with an experienced agent, getting fully pre-approved before you begin your search, and knowing in advance what you're willing to offer above list price can make the difference between landing a home and losing it. It also helps to keep an eye on the active inventory, where the median list price currently sits at $640,000 — giving you a realistic baseline for what to expect as you plan your budget. If you're a homeowner thinking about selling, the data tells a straightforward story: this is a strong time to be on the market. Prices are up, homes are selling fast, and buyers are routinely offering more than list price to secure a deal. Total sales volume in Middlesex County reached nearly $1.15 billion this quarter alone, underscoring just how active — and how well-funded — the buyer pool is. If you've been on the fence about listing, the combination of rising prices and limited competition from other sellers creates a favorable window that may not stay open indefinitely as interest rates and broader economic conditions continue to evolve.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Middlesex County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

1,630

1,380

▲ 18%

1,588

▲ 3%

New Listings Added

2,215

2,731

▼ 19%

2,137

▲ 4%

Median Sale Price

$650,000

$635,500

▲ 2%

$635,000

▲ 2%

Median List Price

$627,250

$622,000

▲ 1%

$615,000

▲ 2%

Sale to List Price Ratio

102.0%

103.0%

▼ 1%

103.0%

▼ 1%

Sales Volume

$1148.90M

$964.37M

▲ 19%

$1098.15M

▲ 5%

Median Days on Market

23

22

▲ 1 days

24

▼ 0.5 days

Homes Sold Year to Date

3,959

2,305

▲ 72%

4,011

▼ 1%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

1,300

$640,000 MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

892

$10,000,000

$90,000

HOMES FOR SALE

HOMES UNDER CONTRACT

HIGH PRICE

23

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Middlesex County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

1300

2.7

0.2

475

506

● Sellers

< $250K

7

—

—

0

2

—

$250K - $500K

241

3.3

0.3

72

84

● Sellers

$500K - $750K

575

2.4

0.2

244

256

● Sellers

$750K - $1M

278

2.3

0.2

119

117

● Sellers

$1M - $1.25M

60

5.0

1.2

12

22

● Balanced

$1.25M - $1.50M

61

2.9

0.1

21

16

● Sellers

$1.50M - $1.75M

40

5.7

0.0

7

6

● Balanced

$1.75M - $2M

20

—

—

0

2

—

$2M - $2.25M

9

—

—

0

1

—

> $2.25M

2

—

—

0

—

—

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Middlesex County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 640 512 384 256 128 0

2026

Jan

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio 104%

Average

102% SALE TO LIST PRICE RATIO

103% 102% 101%

Q3 2026 100% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Middlesex County Market Conditions

BALANCED MARKET

102%

23

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

2.4

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Monmouth County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Monmouth County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Monmouth County's housing market stayed firmly in sellers' territory throughout the third quarter of 2026, with 1,672 single-family homes changing hands — a 7.2% jump over the same period last year. The median sale price climbed to $825,000, up 5.1% year over year, continuing a steady upward trend that mirrors what we're seeing across much of the Northeast, where limited housing supply has kept prices elevated even as mortgage rates remain a challenge for many buyers. Perhaps the most telling number is the sale-tolist ratio of 103%, which means the average home sold for more than its asking price — a clear sign that serious buyers are competing hard for the homes that do come to market. If you've been wondering whether this is still a strong market for sellers, that number tells the story. For buyers, the picture is more demanding, but not without opportunity. The median days on market held at just 16 days — identical to last year — meaning well-priced homes are moving quickly and there's little room to hesitate or lowball. That said, there is a silver lining: new listings jumped 15.1% compared to Q3 of last year, with 2,395 homes added to the market over the quarter, giving buyers more options than they've had in recent years. The current active inventory of 1,283 homes, with 913 already under contract, reflects a market that is still tight but showing early signs of loosening — a trend that buyers should watch closely heading into the fall. It's worth noting a small nuance in the year-to-date picture: through the first nine months of 2026, a total of 3,931 homes have sold, which is about 3.4% below the same period last year. That dip isn't a sign of a weakening market so much as a reflection of the inventory constraints that defined the earlier part of the year — fewer homes available meant fewer sales, even when demand was high. The uptick in new listings during Q3 suggests the pipeline is refilling, and if that trend continues, we could see sales activity pick up as we move through the remainder of the year. Whether you're thinking about selling or buying, the current conditions reward preparation. Sellers who price their homes strategically — not just high, but right — are continuing to attract multiple offers and close above list price. Buyers who come in preapproved, work with an experienced agent, and move decisively when the right home appears are the ones winning in this environment. With active listings priced anywhere from under $90,000 to $15,000,000 and a median active list price of $875,000, there is real range in what this county has to offer — the key is knowing your priorities and being ready to act.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Monmouth County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

1,672

1,301

▲ 29%

1,560

▲ 7%

New Listings Added

2,395

2,591

▼ 8%

2,081

▲ 15%

Median Sale Price

$825,000

$835,000

▼ 1%

$785,000

▲ 5%

Median List Price

$799,000

$800,000

▼ 0%

$779,000

▲ 3%

Sale to List Price Ratio

103.0%

102.0%

▲ 1%

101.0%

▲ 2%

Sales Volume

$1763.78M

$1409.40M

▲ 25%

$1547.95M

▲ 14%

Median Days on Market

16

14

▲ 2 days

16

0 days

Homes Sold Year to Date

3,931

2,255

▲ 74%

4,069

▼ 3%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

1,283

$875,000

16

HOMES FOR SALE

MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

913

$15,000,000

$89,800

HOMES UNDER CONTRACT

HIGH PRICE

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Monmouth County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

1283

2.6

0.1

492

496

● Sellers

< $250K

12

—

—

0

2

—

$250K - $500K

125

2.6

0.0

49

51

● Sellers

$500K - $750K

352

2.3

0.1

151

146

● Sellers

$750K - $1M

277

2.1

0.1

131

137

● Sellers

$1M - $1.25M

112

3.2

0.4

35

44

● Sellers

$1.25M - $1.50M

103

2.7

0.2

38

41

● Sellers

$1.50M - $1.75M

52

2.2

0.0

24

22

● Sellers

$1.75M - $2M

57

2.5

0.2

23

19

● Sellers

$2M - $2.25M

16

2.3

0.1

7

6

● Sellers

> $2.25M

22

3.1

0.1

7

6

● Sellers

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Monmouth County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 600 480 360 240 120 0

2026

Jan

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio 104%

Average

103% SALE TO LIST PRICE RATIO Q3 2026

103% 102% 101% 100% 99% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Monmouth County Market Conditions

BALANCED MARKET

103%

16

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

2.3

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Morris County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Morris County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

The Morris County housing market showed remarkable strength through the third quarter of 2026, with 1,287 single-family homes changing hands — up 4.6% from the same period last year. More telling than the sales count, though, is what buyers paid: the median sale price climbed to $812,500, an 8.3% jump over last year's $750,000 median. That kind of appreciation in a single year is well above what most economists consider a "balanced" market, and it reflects a dynamic playing out across much of the Northeast — persistent demand from buyers who want access to good schools, commuter rail options, and more space than they can find closer to New York City. With total sales volume surpassing $1.2 billion for the quarter alone, the numbers confirm that Morris County remains one of the most active and sought-after suburban markets in the region. Perhaps the single most revealing figure in this quarter's data is the sale-to-list ratio of 105%. In plain terms, that means the average home sold for 5% more than its asking price — so a home listed at $800,000 was typically selling for around $840,000. That's not a rounding error; that's competition. Homes spent a median of just 17 days on the market before going under contract, the same brisk pace as a year ago, which tells us that the increase in new listings — up 15.6% year over year, with 1,643 new homes added to the market this quarter — hasn't been enough to meaningfully slow things down. Buyers are still moving quickly, and sellers are still holding significant leverage at the negotiating table. For anyone hoping to buy in Morris County right now, it's important to go in with clear eyes. With only 798 active listings available at any given moment against 626 homes already under contract, the pool of choices is thin, and well-priced homes in desirable towns are routinely drawing multiple offers within the first weekend. That doesn't mean buying is impossible — it means preparation matters more than ever. Working with an experienced agent, getting fully pre-approved before you start touring homes, and being ready to make a strong, clean offer quickly can make a real difference in a market that rarely waits for the hesitant. Sellers, meanwhile, are in an enviable position. With prices up sharply, buyer demand holding firm, and homes moving in under three weeks on average, well-prepared listings are being rewarded handsomely. The uptick in new listings this quarter is a healthy sign — it gives the market a bit more breathing room and helps prevent the kind of extreme scarcity that can discourage buyers from engaging at all. If you've been thinking about listing your home but have held off waiting for the "right time," the current data suggests that time is now. Pricing strategically and presenting your home well remain important even in a strong market, but the fundamentals are clearly working in sellers' favor.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Morris County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

1,287

1,109

▲ 16%

1,230

▲ 5%

New Listings Added

1,643

2,034

▼ 19%

1,421

▲ 16%

Median Sale Price

$812,500

$800,000

▲ 2%

$750,000

▲ 8%

Median List Price

$765,000

$750,000

▲ 2%

$715,000

▲ 7%

Sale to List Price Ratio

105.0%

106.0%

▼ 1%

105.0%

0%

Sales Volume

$1228.90M

$1068.70M

▲ 15%

$1083.95M

▲ 13%

Median Days on Market

17

15

▲ 2 days

17

0 days

Homes Sold Year to Date

3,052

1,759

▲ 74%

2,980

▲ 2%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

798

$776,000

17

HOMES FOR SALE

MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

626

$9,950,000

$45,000

HOMES UNDER CONTRACT

HIGH PRICE

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Morris County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

798

2.4

0.3

327

400

● Sellers

< $250K

10

10.0

2.2

1

3

● Buyers

$250K - $500K

122

2.5

0.1

48

40

● Sellers

$500K - $750K

231

2.0

0.1

118

128

● Sellers

$750K - $1M

199

2.5

0.4

79

113

● Sellers

$1M - $1.25M

63

2.5

0.3

25

32

● Sellers

$1.25M - $1.50M

47

1.9

0.2

25

36

● Sellers

$1.50M - $1.75M

22

2.0

0.4

11

16

● Sellers

$1.75M - $2M

21

2.3

0.4

9

11

● Sellers

$2M - $2.25M

18

9.0

1.5

2

4

● Buyers

> $2.25M

22

22.0

6.5

1

5

● Buyers

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Morris County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 520 416 312 208 104 0

2026

Jan

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio 108%

Average

105% SALE TO LIST PRICE RATIO Q3 2026

107% 106% 105% 104% 103% 102% 101% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Morris County Market Conditions

BALANCED MARKET

105%

17

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

1.9

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Passaic County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Passaic County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Passaic County's housing market remained firmly in seller's territory throughout the third quarter of 2026, with 869 homes sold — nearly identical to last year's pace — and a median sale price of $650,000, up 2.4% from the same quarter a year ago. What's particularly telling is that homes sold for an average of 105% of their asking price, meaning buyers were routinely paying above list price just to secure a deal. That kind of sale-to-list ratio signals a market where well-priced homes are attracting multiple offers, and hesitation can cost you. While price growth has moderated compared to the frenzy of a few years ago — a trend seen across much of the Northeast — Passaic County values have continued to climb steadily rather than plateau. For buyers, this remains a challenging environment, but there are some encouraging signs worth noting. New listings rose 8.3% compared to the same quarter last year, with 1,244 homes coming to market during the quarter, and there are currently 603 active listings available — a meaningful increase in options compared to the near-historic lows many markets experienced in recent years. Homes are still moving quickly, with a median of just 22 days on market, so buyers need to be prepared and pre-approved before they start seriously touring. Working with an experienced agent who knows the local neighborhoods can make a real difference in helping you move confidently and competitively when the right home appears. Sellers, meanwhile, continue to hold most of the cards. With 496 homes currently under contract, demand is clearly holding strong, and the current pool of active listings represents only a few weeks of supply — well below the four to six months that would indicate a balanced market. If you've been thinking about listing, the combination of rising prices, strong buyer demand, and above-askingprice sales suggests this remains a favorable moment to make a move. Pricing your home accurately from the start tends to generate the most interest and the best offers, even in a seller's market. Zooming out, Passaic County's performance reflects a broader national pattern: limited housing supply continues to prop up prices even as mortgage rates have kept some buyers on the sidelines. Year to date, 2,013 homes have sold across the county — almost exactly on pace with last year — which tells us that serious buyers are still transacting, even if affordability remains a real concern for many households. Whether you're buying or selling, understanding what's actually happening in the local market, not just the national headlines, is the best foundation for making a smart real estate decision this season.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Passaic County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

869

651

▲ 33%

867

▲ 0%

New Listings Added

1,244

1,410

▼ 12%

1,149

▲ 8%

Median Sale Price

$650,000

$650,000

0%

$635,000

▲ 2%

Median List Price

$619,000

$624,900

▼ 1%

$599,900

▲ 3%

Sale to List Price Ratio

105.0%

106.0%

▼ 1%

105.0%

0%

Sales Volume

$620.17M

$464.55M

▲ 33%

$594.15M

▲ 4%

Median Days on Market

22

18

▲ 4 days

20

▲ 2 days

Homes Sold Year to Date

2,013

1,140

▲ 77%

2,010

▲ 0%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

603

$610,000

22

HOMES FOR SALE

MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

496

$3,695,000

$50,000

HOMES UNDER CONTRACT

HIGH PRICE

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Passaic County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

603

2.5

0.1

237

254

● Sellers

< $250K

8

4.0

0.0

2

3

● Balanced

$250K - $500K

135

3.4

0.0

40

35

● Sellers

$500K - $750K

272

2.1

0.1

129

129

● Sellers

$750K - $1M

109

2.7

0.3

41

59

● Sellers

$1M - $1.25M

34

2.6

0.1

13

12

● Sellers

$1.25M - $1.50M

22

2.8

0.3

8

11

● Sellers

$1.50M - $1.75M

5

1.7

0.3

3

3

● Sellers

$1.75M - $2M

5

—

—

0

1

—

$2M - $2.25M

2

2.0

—

1

1

● Sellers

> $2.25M

1

—

—

0

0

—

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Passaic County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 340 272 204 136 68 0

2026

Jan

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio

Average

105% SALE TO LIST PRICE RATIO Q3 2026

109% 108% 107% 106% 105% 104% 103% 102% 101% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Passaic County Market Conditions

BALANCED MARKET

105%

22

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

2.1

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Somerset County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Somerset County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Somerset County's housing market remained active and competitive through the third quarter of 2026, though some subtle shifts are worth noting. A total of 764 single-family homes sold during the quarter, down about 10% from the same period last year, and the year-to-date total of 1,753 closed sales trails last year's pace by roughly 7%. That slowdown in transactions isn't necessarily a sign of trouble — it largely reflects a market where many potential sellers are staying put, which keeps the overall supply of homes limited and competition among buyers alive. The median sale price held remarkably steady at $815,000, essentially flat compared to a year ago, which speaks to the underlying strength and resilience of Somerset County as a place people genuinely want to live. For buyers, the most telling number in this quarter's data may be the sale-to-list ratio of 103%. That figure means that, on average, homes are selling for more than their asking price — a clear signal that well-priced, well-presented properties are still drawing multiple offers and meaningful competition. Homes are also moving quickly, with a median of just 21 days on market, only slightly longer than last year's 19 days. With 542 active listings currently available and 353 homes already under contract, the inventory pipeline remains tight. In practical terms, that means buyers should be financially prepared — pre-approved and ready to move — before they begin seriously touring homes. Sellers, meanwhile, continue to be in a favorable position, even if the market has cooled slightly from the frenzy of a few years ago. The fact that new listings — 904 added during the quarter — are up modestly from last year suggests more homeowners are beginning to test the waters, perhaps sensing that this window of strong pricing won't last indefinitely. Nationally, elevated mortgage rates have been the dominant force constraining buyer purchasing power and overall sales volume, and Somerset County is not immune to those pressures. Still, a median sale price holding near $815,000 in that environment is a genuine show of strength, and sellers who price their homes realistically and present them well are still seeing excellent results. If you're on the fence about whether now is the right time to buy or sell, the Somerset County market offers something useful for both sides: sellers can still command strong prices with relatively little time on market, while buyers are starting to see slightly more options and, in some cases, a bit more negotiating room than existed a year or two ago. The current median list price among active listings is $799,000, with homes ranging from $150,000 to nearly $10 million, so there is real variety across price points. Whether you're looking to upsize, downsize, or plant roots here for the first time, understanding where the market stands — and moving with a clear strategy — will make all the difference.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Somerset County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

764

566

▲ 35%

846

▼ 10%

New Listings Added

904

1,143

▼ 21%

873

▲ 4%

Median Sale Price

$815,000

$800,000

▲ 2%

$819,050

▼ 0%

Median List Price

$799,000

$778,000

▲ 3%

$799,000

0%

Sale to List Price Ratio

103.0%

104.0%

▼ 1%

103.0%

0%

Sales Volume

$715.04M

$520.27M

▲ 37%

$782.88M

▼ 9%

Median Days on Market

21

15

▲ 6 days

19

▲ 2 days

Homes Sold Year to Date

1,753

979

▲ 79%

1,880

▼ 7%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

542

$799,000

21

HOMES FOR SALE

MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

353

$9,999,000

$150,000

HOMES UNDER CONTRACT

HIGH PRICE

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Somerset County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

542

2.5

0.1

217

223

● Sellers

< $250K

2

0.7

—

3

2

● Sellers

$250K - $500K

72

2.6

0.3

28

26

● Sellers

$500K - $750K

142

1.9

0.0

74

68

● Sellers

$750K - $1M

144

2.4

0.0

60

59

● Sellers

$1M - $1.25M

47

3.9

0.6

12

21

● Sellers

$1.25M - $1.50M

36

1.4

0.0

26

25

● Sellers

$1.50M - $1.75M

24

3.4

0.5

7

11

● Sellers

$1.75M - $2M

23

5.8

1.9

4

4

● Balanced

$2M - $2.25M

6

6.0

1.6

1

2

● Balanced

> $2.25M

13

—

—

0

2

—

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Somerset County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 320 256 192 128 64 0

2026

Jan

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio 105%

Average

104%

103%

103%

Q3 2026

100%

SALE TO LIST PRICE RATIO

102% 101% 99% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Somerset County Market Conditions

BALANCED MARKET

103%

21

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

2.1

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Sussex County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Sussex County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Sussex County's housing market showed real strength heading into the fall, with 543 homes sold during the third quarter of 2026 — a 3.6% increase over the same period last year. More telling than the volume, though, is what buyers paid to get those homes: the median sale price climbed to $510,000, up 8.6% from $469,500 a year ago. That kind of appreciation reflects a market where demand continues to outpace the available supply of homes, a dynamic that has defined much of the Northeast housing market over the past several years. Even as higher mortgage rates have cooled activity in many parts of the country, Sussex County has held firm, attracting buyers who see lasting value in the area's combination of affordability relative to other New York metro suburbs, open space, and quality of life. Perhaps the clearest sign of just how competitive this market remains is the sale-to-list ratio, which came in at 103.0% for the quarter. In plain terms, that means the average home sold for more than its asking price — sellers aren't just getting what they list for, they're getting more. Homes also moved quickly, with a median of just 22 days on market, meaning well-priced properties are typically under contract in about three weeks. For sellers, this is an encouraging environment: serious buyers are active, they're motivated, and they're willing to compete. Pricing your home thoughtfully — not so high that you lose momentum, but confidently given current conditions — remains the key to getting the best result. For buyers, the picture is more challenging, and it's worth being clear-eyed about that. With only 498 active listings currently on the market and 285 homes already under contract, the inventory of available homes is limited, which is part of what continues to push prices upward. New listings did increase meaningfully during the quarter — 792 homes came to market, up 8.5% from last year — which is a positive sign that more sellers are stepping in, but demand has largely kept pace. Buyers who are serious about finding a home in Sussex County should expect competition, come prepared with financing in order, and be ready to move decisively when the right property appears. Working with an experienced local agent who knows the market neighborhood by neighborhood can make a real difference in both finding opportunities and structuring offers that stand out. Zooming out, Sussex County's year-to-date numbers show 1,297 homes sold through the first three quarters of 2026, essentially flat compared to the same stretch last year — which, in the context of a national market still navigating affordability pressures, is a sign of underlying resilience. The active listing price range runs from $25,000 all the way to $6,000,000, a reminder that Sussex County offers genuine variety, from entry-level opportunities to high-end retreats, even as the median price continues to rise. Whether you're a current homeowner thinking about your equity position or someone exploring the area for the first time, the fundamentals here point to a market that continues to reward those who engage with it strategically.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Sussex County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

543

434

▲ 25%

524

▲ 4%

New Listings Added

792

866

▼ 9%

730

▲ 8%

Median Sale Price

$510,000

$494,750

▲ 3%

$469,500

▲ 9%

Median List Price

$499,000

$474,950

▲ 5%

$450,000

▲ 11%

Sale to List Price Ratio

103.0%

104.0%

▼ 1%

103.0%

0%

Sales Volume

$323.33M

$241.73M

▲ 34%

$278.05M

▲ 16%

Median Days on Market

22

19

▲ 3 days

21

▲ 1 days

Homes Sold Year to Date

1,297

751

▲ 73%

1,286

▲ 1%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

498

$499,000

22

HOMES FOR SALE

MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

285

$6,000,000

$25,000

HOMES UNDER CONTRACT

HIGH PRICE

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Sussex County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

498

2.8

0.0

178

163

● Sellers

< $250K

23

3.8

0.0

6

6

● Sellers

$250K - $500K

212

2.5

0.0

86

74

● Sellers

$500K - $750K

143

2.3

0.1

62

55

● Sellers

$750K - $1M

63

4.2

0.3

15

18

● Balanced

$1M - $1.25M

14

3.5

0.0

4

5

● Sellers

$1.25M - $1.50M

14

14.0

3.5

1

3

● Buyers

$1.50M - $1.75M

8

4.0

0.0

2

1

● Balanced

$1.75M - $2M

7

—

—

0

0

—

$2M - $2.25M

1

—

—

0

1

—

> $2.25M

2

—

—

0

—

—

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Sussex County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 200 160 120 80 40 0

2026

Jan

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio 105%

Average

104%

103%

103%

Q3 2026

100%

SALE TO LIST PRICE RATIO

102% 101% 99% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Sussex County Market Conditions

BALANCED MARKET

103%

22

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

2.7

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Union County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Union County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Union County's housing market remained firmly in seller's territory through the third quarter of 2026, with the median sale price climbing to $730,000 — up 5.8% from $690,000 a year ago. That kind of steady price appreciation, even in a period of elevated mortgage rates, reflects just how persistently strong demand has been in this part of New Jersey. What's particularly telling is that homes sold for an average of 105% of their asking price, meaning buyers were routinely offering more than the list price just to be competitive. That's not a fluke — it's a clear signal that well-priced homes in Union County are attracting multiple offers and moving quickly. The pace of sales did ease a bit compared to last year, with 862 homes sold this quarter versus 923 in the same period of 2025, and the year-to-date total of 2,252 closed sales also runs modestly behind last year's pace. But that slowdown has less to do with waning interest and more to do with the simple math of limited supply — there aren't enough homes for all the buyers who want one. The good news is that new listings picked up noticeably, with 1,316 homes coming to market this quarter compared to 1,157 a year ago, a jump of nearly 14%. That's a meaningful increase, and it suggests more homeowners are feeling ready to make a move. Even with that influx of new listings, overall inventory remains tight. There are currently 676 active listings across the county, and 456 of those are already under contract — meaning the pool of truly available homes is quite small relative to buyer demand. Nationally, housing inventory has been slowly recovering from historic lows, but markets like Union County, with their strong job access, commuter appeal, and quality of life, tend to stay competitive even as conditions shift elsewhere. Homes here are also moving fast — the median days on market held steady at just 18 days, exactly where it was a year ago — so buyers don't have the luxury of taking their time. If you're thinking about buying in Union County, the most important thing you can do right now is get fully pre-approved before you start seriously touring homes, and be ready to make a strong, clean offer quickly. Working with an experienced local agent who knows the neighborhoods and the nuances of each listing can make a real difference in a market this competitive. For sellers, the conditions remain highly favorable — prices are up, competition among buyers is real, and well-prepared homes are still generating strong interest. Whether you're buying, selling, or simply keeping an eye on the market, Union County continues to be one of the more dynamic and resilient housing markets in the region.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Union County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

862

833

▲ 3%

923

▼ 7%

New Listings Added

1,316

1,464

▼ 10%

1,157

▲ 14%

Median Sale Price

$730,000

$715,000

▲ 2%

$690,000

▲ 6%

Median List Price

$699,000

$680,000

▲ 3%

$675,000

▲ 4%

Sale to List Price Ratio

105.0%

106.0%

▼ 1%

105.0%

0%

Sales Volume

$796.91M

$773.67M

▲ 3%

$821.02M

▼ 3%

Median Days on Market

18

16

▲ 2 days

18

0 days

Homes Sold Year to Date

2,252

1,378

▲ 63%

2,375

▼ 5%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

676

$622,450

18

HOMES FOR SALE

MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

456

$5,650,000

$168,000

HOMES UNDER CONTRACT

HIGH PRICE

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Union County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

676

2.7

0.3

250

285

● Sellers

< $250K

0

0.0

0.0

1

1

● Sellers

$250K - $500K

146

3.6

0.2

40

34

● Sellers

$500K - $750K

321

3.1

0.3

103

115

● Sellers

$750K - $1M

102

2.0

0.2

51

60

● Sellers

$1M - $1.25M

30

2.1

0.4

14

17

● Sellers

$1.25M - $1.50M

26

1.9

0.3

14

19

● Sellers

$1.50M - $1.75M

9

0.8

0.1

12

15

● Sellers

$1.75M - $2M

18

2.6

0.4

7

11

● Sellers

$2M - $2.25M

1

0.5

0.1

2

4

● Sellers

> $2.25M

8

8.0

2.1

1

3

● Buyers

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Union County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 370 296 222 148 74 0

2026

Jan

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio 107%

Average

105% SALE TO LIST PRICE RATIO Q3 2026

106% 105% 104% 103% 102% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Union County Market Conditions

BALANCED MARKET

105%

18

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

2.3

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Warren County

Q3 2026 Market Update • Residential — Single Family Residence

Market Analysis Warren County, New Jersey • Q3 2026 • Prepared for homeowners and prospective buyers

Warren County's housing market remained firmly in seller's territory through the third quarter of 2026, with 281 homes changing hands and the median sale price climbing to $485,000 — a gain of nearly 11% compared to the same period last year. That kind of price appreciation in a single year is significant, and it reflects a pattern playing out across much of the Northeast, where persistent inventory shortages have kept upward pressure on home values even as mortgage rates have remained elevated by historical standards. What makes Warren County's numbers particularly telling is that the median sale price and the median list price landed at exactly the same figure — $485,000 — suggesting that sellers are pricing their homes with precision and buyers are meeting them there, often going even further. That last point is worth unpacking. The sale-to-list ratio for the quarter came in at 102%, meaning that on average, homes sold for more than their asking price. In practical terms, that means many buyers are writing offers above what the seller originally advertised — a sign that competition for available homes is real and that well-priced properties are not sitting around waiting. Homes did take a touch longer to sell compared to last year, with a median of 24 days on market versus 22 the year before, but that modest uptick shouldn't be mistaken for a cooling market — it's more likely a reflection of buyers being slightly more deliberate given the higher price points they're navigating. The supply side of the equation continues to be the defining story. Only 407 new listings came to market during the quarter, down nearly 5% from the same stretch last year, and today there are just 271 active listings countywide. That limited inventory is what's driving competition and keeping prices elevated — when there simply aren't enough homes available to satisfy demand, buyers end up competing for the same properties, which pushes prices up. This is a dynamic that's been unfolding nationally for several years now, rooted in part in the so-called "lock-in effect," where existing homeowners who secured low mortgage rates in 2020 and 2021 have been reluctant to sell and give up those rates. For buyers, that means patience and preparation are essential: getting preapproved, understanding your priorities, and being ready to move quickly when the right home appears. If you're a homeowner in Warren County thinking about selling, the data suggests the timing remains favorable. Buyer demand is active — 152 homes are currently under contract across the county — and total sales volume for the quarter topped $139 million. Yearto-date sales of 732 homes are essentially flat with last year, which in the context of tight inventory is actually a healthy sign; the market isn't slowing, it's running about as fast as available supply will allow. Whether you're buying or selling, understanding where the market stands right now gives you a real advantage — and working with an experienced local agent who knows the nuances of Warren County's communities can make all the difference in navigating it successfully.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Warren County

Q3 2026 Market Update • Residential — Single Family Residence

Recent Sales Trends Current Period

Last Quarter

Change From

Last Year

Change From

Homes Sold

281

253

▲ 11%

276

▲ 2%

New Listings Added

407

478

▼ 15%

428

▼ 5%

Median Sale Price

$485,000

$480,000

▲ 1%

$437,450

▲ 11%

Median List Price

$485,000

$450,000

▲ 8%

$435,000

▲ 11%

Sale to List Price Ratio

102.0%

102.0%

0%

101.0%

▲ 1%

Sales Volume

$139.62M

$125.61M

▲ 11%

$123.68M

▲ 13%

Median Days on Market

24

19

▲ 5 days

22

▲ 2 days

Homes Sold Year to Date

732

447

▲ 64%

738

▼ 1%

Q3 2026

Q2 2026

Last Quarter

Q3 2025

Last Year

Current Market

271

$459,900

24

HOMES FOR SALE

MEDIAN LIST PRICE

MEDIAN DAYS ON MARKET

152

$6,250,000

$32,000

HOMES UNDER CONTRACT

HIGH PRICE

LOW PRICE

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Warren County

Q3 2026 Market Update • Residential — Single Family Residence

Market Conditions by Price Range Price Range

Active Listings

Months of Inventory

3 Month Trend

Sales (Sep 2026)

6 Month Avg Sales

Market Climate

All Price Ranges

271

3.9

0.4

70

90

● Sellers

< $250K

34

8.5

1.6

4

7

● Buyers

$250K - $500K

125

3.1

0.1

40

40

● Sellers

$500K - $750K

71

3.0

0.4

24

36

● Sellers

$750K - $1M

31

15.5

4.1

2

6

● Buyers

$1M - $1.25M

1

—

—

0

1

—

$1.25M - $1.50M

4

—

—

0

0

—

$1.50M - $1.75M

0

—

—

0

—

—

$1.75M - $2M

1

—

—

0

—

—

$2M - $2.25M

0

—

—

0

—

—

> $2.25M

1

—

—

0

—

—

● SELLERS MARKET

● BALANCED MARKET

● BUYERS MARKET

Less than 4 months of inventory. High demand relative to supply — favorable conditions for sellers.

4–6 months of inventory. Supply and demand are roughly in equilibrium.

More than 6 months of inventory. More supply than demand — favorable conditions for buyers.

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Warren County

Q3 2026 Market Update • Residential — Single Family Residence

Homes Sold 120 96 72 48 24 0

2026

Jan

2025

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2024

Sale to List Price Ratio 104%

Average

103%

102%

102%

Q3 2026

99%

SALE TO LIST PRICE RATIO

101% 100% 98% Sep

Nov

Jan

Mar

May

Jul

Sep

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.

Warren County Market Conditions

BALANCED MARKET

102%

24

AVG SALE TO LIST PRICE RATIO

MEDIAN DAYS ON MARKET

Q3 2026

2.9

Months of Inventory Buyer's

Seller's

Buyer's vs. Seller's Market This graphic explains the key similarities and differences between a buyer's and seller's market, and how these market factors impact each group. Buyer's Market

Seller's Market

More homes than buyers

More buyers than homes

HOW IT IMPACTS BUYERS

— More homes to choose from — Could spend less than asking price — Price reductions more common — Rarely competing offers

— Fewer homes to choose from — Need to be able to close quickly — May pay more than asking price — Competition from other buyers

HOW IT IMPACTS SELLERS

— Takes more time to sell — Fewer offers received — Could get less than asking price — May need to make repairs or concessions

— Homes sell quickly — Multiple offers likely — Could get more than asking price — Buyers willing to overlook repairs

HOWARD HANNA | RAND REALTY Data sourced from NJMLS-New Jersey MLS. Information is deemed reliable but not guaranteed. Report generated September 2026.